Experts call for funds to boost growth

PBOC should give 'ammunition' to support government investment

China should put a new mechanism in place to allow the central bank to buy bonds issued by the government to supply more funds to boost growth, according to a group of researchers from a leading national think tank on Wednesday.

Traditional monetary policy, even coordinated with fiscal expansion, may be not strong enough to reverse the economic slowdown. The central bank should provide "ample ammunition" to support government investment, said Li Yang, head of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences.